Consumer Price Index-Advanced
Source details
- Canonical URL
- Consumer Price Index-Advanced
Other formats
Bibliographic details
- Session: JV 23.23
- Location: Vienna, Austria
- Dates: August 21, 2023 - September 1, 2023 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Russian
- Status: Deadline passed
Target audience and qualifications
- Target audience: Compilers of consumer price indexes (CPIs).
- Qualifications: Participants are expected to have a degree in economics or statistics; or equivalent experience.
Session logistics and languages
- Session No.: JV 23.23
- Location: Vienna, Austria
- Date: August 21, 2023 - September 1, 2023 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- Interpretation Language: Russian
- Status: Deadline passed
COVID-19 disclosure
- "Disclosure: Due to COVID 19, courses will be delivered in person, hybrid, or virtual, according to safety guidelines. As of today, this course is scheduled to be delivered in person in Vienna, but its delivery method may change. By submitting your application, you confirm your availability to participate in the course either in person or virtually. Up-to-date Covid-19 vaccination is likely to be required and related information may be requested from participants for in-person courses."
Course description — scope and approach
- Presented by the Statistics Department.
- Intended to broaden participants’ understanding of the concepts, methods, and challenges of compiling CPIs.
- Explores concepts and methods introduced in the online CPIx in greater detail to address actual compilation issues faced by participants.
- Provides an overview of index number theory and the practical implications of choosing the index number formula at lower and higher levels of aggregation.
- Covers sources and methods for developing/validating weights; and practical applications of methods used for sampling areas, items, outlets, and varieties.
- Discusses new and emerging data sources as well as new collection technologies.
- Includes frontier issues, including how to better measure the digital economy.
- Highlights linkages to the 2008 SNA, including the related principles of scope, coverage, and valuation.
- Follows the principles and recommendations of the CPI Manual (2020).
Topics and technical content
- Calculating elementary and upper-level indexes.
- Methods for handling temporarily and permanently missing prices.
- Introducing new outlets, items, and varieties.
- Adjusting prices for quality changes.
- Chaining and linking indexes with updated weighting structures.
- Meeting data users’ needs to ensure relevancy.
Course objectives
- Apply recommended index calculation methods.
- Apply methods for dealing with index compilation challenges such as unavailable items, quality change, and keeping an index up to date.
- Assess how well a CPI meets international guidelines for best practice.
References